NATIONAL CITY BANK sent me a GUARANTEED SECURED Credit Card Application but they seem to want alot of money and info about me UP FRONT. Has anybody heard if they're a ripoff?
2007-04-21 12:54:20 · 6 answers · asked by . 7 in Business & Finance ➔ Credit
National City is a major bank, at least in my part of the US. ALL secured credit cards require a deposit. You open a savings account and pledge the balance as security in case you don't pay the bill on your card. Your credit limit is usually the same as the amount deposited. They are basically letting you borrow your own money and reporting payments to the credit bureaus.
2007-04-21 14:28:31 · answer #1 · answered by STEVEN F 7 · 0⤊ 0⤋
I've heard of national city bank, there are a few even where I live. A secured credit card requires you to have money in the bank to cover what you spend on the card, it's like a credit building card. I know this practice is legitimate, but I can't say that what you have is for sure the real thing. If there is a number, give them a call, or check out the business with the Better Business Bureau, you can even check online. It sounds ok, but it's always better to check it out if you doubt it.
2007-04-21 12:59:18 · answer #2 · answered by fmxkrazyone 6 · 0⤊ 0⤋
I have heard of National City Bank and they are reputable and well-established here in Ohio.
A secured credit card is different from a regular one. Your deposit amount (how much money they want you to put into the account) is usually based on your credit history. They will ask you a lot of questions...most credit applications do.
2007-04-21 13:52:29 · answer #3 · answered by YSIC 7 · 0⤊ 0⤋
guaranteed because you will give them money first. Unless you were already looking for financing, stay away. If you are looking, compare their product to a local bank, to get a sense of the services.
If you walk into any bank, and ask do you have product comparable to this, you will likely get an answer of yes.
Have not heard of national city bank. Seems like a very bland name, in this day and age of Wells Fargo, Bank of America, Wachovia being just about everywhere.
Good Luck
2007-04-21 13:02:07 · answer #4 · answered by Aaron 2 · 0⤊ 0⤋
confident, banks can turn you down for a secured card. See if Citi and Orchard additionally may help. they are between the main suitable. yet you may get grew to become down because you do not have a checking account. i could hardship approximately that first - to declare the least, because all banks ask With this card. No video games. replace the money in complete each month. basically 10% of those enjoying cards grew to become into credit enjoying cards in 2009. human beings refused, basically refused to apply them properly. can charge small issues, and replace the money in complete as quickly as a month
2016-10-13 03:41:47 · answer #5 · answered by ? 4 · 0⤊ 0⤋
yup, I have heard of them. As a matter of fact there are several in my area. My Step daughter banks there.
2007-04-21 13:02:57 · answer #6 · answered by Mary p 3 · 0⤊ 0⤋